Unusual Options Activity Fri 6/7/24

 The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility. 

Bullish Call Activity:

• BB June28 3.00 Calls (volume: 2174, open int: 1865, implied vol: ~96%, prev day implied vol: 71%). Co is expected to report earnings early July. Co is down 4% today. 
• CLSK June14 18.50 Calls (volume: 2341, open int: 1495, implied vol: ~96%, prev day implied vol: 82%). Co is expected to report earnings early August. 
• MBLY June21 32.00 Calls (volume: 2929, open int: 648, implied vol: ~65%, prev day implied vol: 57%). Co is expected to report earnings late July. Stock is up 11% in today's session. 

Bearish Put Activity: 

• DOCU June07 49.00 Puts (volume: 2839, open int: 1148, implied vol: ~37%, prev day implied vol: 35%). Co reported earnings and announced a $1 bln increase to share repurchase program yesterday. Stock is down 5% in today's session. 
• TMUS July05 180.00 Puts (volume: 2443, open int: 1034, implied vol: ~19%, prev day implied vol: 18%). Co is expected to report earnings late July. 

Sentiment: The CBOE Put/Call ratio is currently: 0.99, VIX: (12.28, -0.30, -2.38%). June 21 is options expiration -- the last day to trade June equity options

Unusual Options Activity, Thur 6/8/23

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• DOCU Jun 62 calls are seeing interest ahead of earnings tonight after the close (volume: 1820, open int: 460, implied vol: ~309%, prev day implied vol: 232%).
• AXL Oct 9 calls (volume: 1510, open int: 0, implied vol: ~43%, prev day implied vol: 39%). Co is expected to report earnings early August.
• FRO Jul 15 calls (volume: 2130, open int: 30, implied vol: ~44%, prev day implied vol: 40%). 2K traded in a single transaction. Co is expected to report earnings late August.
  

Bearish Put Activity:

• ARLO Jul 10 puts (volume: 8150, open int: 10, implied vol: ~48%, prev day implied vol: 41%). Co is expected to report earnings mid-August.
• ILMN Jun 200 puts (volume: 1500, open int: 0, implied vol: ~41%, prev day implied vol: 39%). Co is scheduled to present at a Third Annual Virtual ESG Investor Event on June 12. Co is expected to report earnings mid-August.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.90, VIX: (13.63, -0.31, -2.2%).
June 16 is options expiration -- the last day to trade June equity options.

===DocuSign (DOCU) reported earnings on Thu 8 June 23 (a/h)

 

DocuSign beats by $0.16, beats on revs on billings; guides Q2 revs above consensus; guides FY24 revs above consensus

• Reports Q1 (Apr) earnings of $0.72 per share, excluding non-recurring items, $0.16 better than the FactSet Consensus of $0.56; revenues rose 12.3% year/year to $661.39 mln vs the $641.69 mln FactSet Consensus.
  • Co reports Q1 billings grew 10% yr/yr to $674.8 mln vs $615-625 mln prior guidance.
  • Co reports Q1 non-GAAP op mgn of 27% vs 21-22% prior guidance.
• Co issues upside guidance for Q2 (Jul), sees Q2 revs of $675-679 mln vs. $668.08 mln FactSet Consensus.
  • Co guides to Q2 billings of $646-656 mln.
  • Co guides to Q2 non-GAAP op mgn of 24-25%.
• Co issues upside guidance for FY24, sees FY24 revs of $2.713-2.725 bln vs. $2.70 bln FactSet Consensus.
  • Co raises FY24 billings guidance to $2.737-2.757 bln from $2.705-2.725 bln prior guidance.
  • Co raises FY24 non-GAAP op mgn guidance to 22-24% from 21-23% prior guidance.

===DocuSign (DOCU) reported earnings on Thu 9 March 23 (a/h)

 

DocuSign beats by $0.13, beats on revs, beats on billings; guides Q1 revs in-line; guides FY24 revs above consensus; CFO will step down in the coming months 

• Reports Q4 (Jan) earnings of $0.65 per share, excluding non-recurring items, $0.13 better than the S&P Capital IQ Consensus of $0.52; revenues rose 13.6% year/year to $659.58 mln vs the $639.49 mln S&P Capital IQ Consensus.
  • Billings rose 10% yr/yr to $739 mln, above prior guidance of $705-715 mln.
  • Non-GAAP operating margin was 24% vs 18% last year and above prior guidance of 20-22%.
• Co issues in-line guidance for Q1 (Apr), sees Q1 revs of $639-643 mln vs. $639.77 mln S&P Capital IQ Consensus. Co guides to Q1 billings of $615-625 mln. Co guides to Q1 non-GAAP op mgn of 21-22%.
• Co issues upside guidance for FY24, sees FY24 revs of $2.695-2.707 bln vs. $2.69 bln S&P Capital IQ Consensus. Co guides to FY24 billings of $2.705-2.725 bln.
• Co also announces that CFO Cynthia Gaylor will step down in the coming months. Co has initiated a search for her replacement. Co says her departure is not a result of any disagreement regarding the company's financial
  statements or disclosures.

Earnings this week : March 6 - 10, 23 (wk 10)

Monday (Mar 6)

• Morning:  AZUL CIEN RIDE
• Afternoon: AVAV CVGW DOMO GWRE NTNX TCOM WW

Tuesday (Mar 7)

• Morning: MASS DKS DOLE SWIM SE MCRB SQSP THO
• Afternoon:  AGTI ARLO CASY BASE CRCT CRWD SFIX WTI YEXT

Wednesday (Mar 8)

• Morning:  ABM BF.B CPB IMXI KFY LTH LFST REVG COCO UNFI VERX VRDN
• Afternoon:  ASAN ESTE EOLS MDB NDLS ONL SMRT SOVO

Thursday (Mar 9)

• Morning: BJ GCO HLLY JD PSFE TTC
• Afternoon:  BIRD AOUT DOCU LOCO GPS HCP HRT AVO ORCL SWBI ULTA MTN WPM ZUMZ

Friday (Mar 10)  

• Morning:  BKE GENI  JKS

=DocuSign (DOCU) reported earnings on Thur 2 Dec 2021 (a/h)

 

 DocuSign beats by $0.12, beats on revs; guides JanQ revs below consensus

• Reports Q3 (Oct) earnings of $0.58 per share, excluding non-recurring items, $0.12 better than the S&P Capital IQ Consensus of $0.46; revenues rose 42.4% year/year to $545.46 mln vs the $531.25 mln S&P Capital IQ Consensus.
  • Subscription revenue was $528.6 mln, an increase of 44% yr/yr.
    
  • Professional services and other revenue was $16.9 mln, an increase of 4% yr/yr.
    
  • Billings were $565.2 mln, an increase of 28% yr/yr.
• Co issues downside guidance for Q4 (Jan), sees Q4 revs of $557-563 mln vs. $573.89 mln S&P Capital IQ Consensus.
  • Subscription revs of $544-550 mln.
  • Billings of $647-659 mln.
  • Gross margins of 81-82% and non-GAAP operating margins of 17-19%.

=DocuSign (DOCU) reported earnings on Thur 5 Sept 19 (a/h)

DocuSign misses by $0.03, beats on revs; guides Oct Q revs above consensus; guides FY20 revs above consensus, raises full year billings guidance
Reports Q2 (Jul) earnings of $0.01 per share, excluding non-recurring items, $0.03 worse than the S&P Capital IQ Consensus of $0.04; revenues rose 41.0% year/year to $235.61 mln vs the $220.81 mln S&P Capital IQ Consensus and vs prior guidance of $218-222 mln.

• Co reports Q2 billings of $252.4 mln, well ahead of prior guidance of $215-225 mln.
• Co issues upside guidance for Q3 (Oct), sees Q3 revs of $237-241 mln vs. $231.9 mln S&P Capital IQ Consensus. Guides to Q3 billings of $260-270 mln.
• Co issues upside guidance for FY20, sees FY20 revs of $947-951 mln vs. $920.39 mln S&P Capital IQ Consensus.
• Increases full year billings guidance to $1.063-1.083 bln from $1.01-1.03 bln.

Earnings this week : Sept 2 - 6, 19 (wk 36)

Monday (Sept 2)

• Labor Day Holiday

Tuesday (Sept 3)

• Morning: CONN NSSC TUFN
• Afternoon: COUP EGAN GSM HQY

Wednesday (Sept 4)

• Morning: AEO MIK  NAV VRA
• Afternoon: AVAV HOME CLDR CPRT DSGX MDB PANW PVTL REVG WORK SMAR VRNT

Thursday (Sept 5)

• Morning: BITA CIEN DCI GIII JW.A KIRK LE LVGO MDP SCWX SIG
• Afternoon: ABM CDMO CRWD DOCU DOMO GWRE KFY LULU MDLA PD NX SAIC ZM ZUMZ

Friday (Sept 6) 

• Morning: BRC GCO

Notable earnings reports:

• Coupa Software (NASDAQ:COUP) on September 3; Slack Technologies (WORK), Palo Alto Networks (NYSE:PANW), MongoDB (NASDAQ:MDB), Cloudera (NYSE:CLDR) and Pivotal Software (NYSE:PVTL) on September 4; Lululemon (LULU), DocuSign (NASDAQ:DOCU), Signet Jewelers (NYSE:SIG) and Zoom Video (NASDAQ:ZM) on September 5; Brady (NYSE:BRC) on September 6.

=DocuSign (DOCU) reported earnings on Thur 6 June 19 (a/h)

DocuSign beats by $0.02, beats on revs; guides JulQ revs in-line; guides FY20 revs above consensus 

• Reports Q1 (Apr) earnings of $0.07 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.05; revenues rose 37.3% year/year to $213.96 mln vs the $208.15 mln S&P Capital IQ Consensus and vs prior guidance of $205-210 mln.
• Co issues in-line guidance for Q2 (Jul), sees Q2 revs of $218-222 mln vs. $219.9 mln S&P Capital IQ Consensus. Sees Q2 billings of $215-225 mln.
• Co issues upside guidance for FY20, sees FY20 revs of $917-922 mln vs. $913.65 mln S&P Capital IQ Consensus and vs prior guidance of $910-915 mln. Reaffirms full year billings of $1.01-1.03 bln.

Earnings this week : June 3 - 7, 19 (wk 23)

Monday (June 3)

• Afternoon: BOX CAL COUP GSM

Tuesday (June 4)

• Morning: CBRL CMD DCI LE NAV TIF
• Afternoon: AMBA CRM GME GWRE HQY NX PVTL

Wednesday (June 5)

• Morning: AEO BF.B CPB GIII SCWX VRA
• Afternoon: ABM CLDR ESTC FIVE GEF MDB REVG SMAR SFIX UNFI

Thursday (June 6)

• Morning: CIEN HOME KIRK MIK SAIC SIG SJM
• Afternoon: BYND DOCU DOMO GES OLLI PD PRSP MTN ZM ZUMZ

Friday (June 7) 
None

• Monday: May ISM Manufacturing Index (prior 52.8) and April Construction Spending (prior -0.9%) at 10:00 ET
• Tuesday: April Factory Orders (prior 1.9%) at 10:00 ET
• Wednesday: Weekly MBA Mortgage Index (prior -3.3%) at 7:00 ET; May ADP Employment Change (prior 275,000) at 8:15 ET; May ISM Non-Manufacturing Index (prior 55.5) at 10:00 ET; weekly crude oil inventories (prior -300,000) at 10:30 ET; and Fed's June Beige Book at 14:00 ET
• Thursday: Weekly Initial Claims (prior 215,000), Continuing Claims (prior 1.657 mln), April Trade Balance (prior -$50.00 bln), Q1 Revised Productivity (prior 3.6%) and Q1 Revised Unit Labor Costs (prior -0.9%) at 8:30 ET; and weekly natural gas inventories (prior +114 bcf) at 10:30 ET
• Friday: May Nonfarm Payrolls (prior 263,000), Nonfarm Private Payrolls (prior 236,000), Average Hourly Earnings (prior 0.2%), Unemployment Rate (prior 3.6%), and Average Workweek (prior 34.4) at 8:30 ET; April Wholesale Inventories (prior -0.1%) at 10:00 ET; and April Consumer Credit (prior $10.30 bln) at 15:00 ET

=DocuSign (DOCU) reported earnings on Thur 7 June 2018 (a/h)

DocuSign beats by $0.08, beats on revs; guides JulQ revs above consensus; guides FY19 revs above consensus 

• Reports Q1 (Apr) earnings of $0.01 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus of ($0.07); revenues rose 37.3% year/year to $155.81 mln vs the $145.87 mln Capital IQ Consensus.
• Co issues upside guidancefor Q2 (Jul), sees Q2 revs of $157-160 mln vs. $151.5 mln Capital IQ Consensus Estimate.
• Co issues upside guidancefor FY19, sees FY19 revs of $652-658 mln vs. $627.6 mln Capital IQ Consensus Estimate.